The hardest college to get into in America is the California Institute of Technology. With an acceptance rate of just 8.8% and typical SAT scores between 1500 and 1600, the California Institute of Technology is America's hardest college to get into, according to a list from academic review site Niche.com.
Premium is the amount of money you have to pay for getting a particular insurance. Deductible is the amount you have bear, or which is deducted from your claim amount. Deductible can be applicable pre claim - ie. each time you place a claim or for one event- one sickness.
BREAKING DOWN 'Net Premium'. The net premium value of a policy differs from the policyâs gross premium value, which takes into account future expenses. The calculated difference between net premium and gross premium equals the expected present value of expense loadings less the expected present value of future expenses.